OpenAI Lands Eleven Billion at a Cut Price
The first tranche closed below both the valuation and the total the company originally sought.
OpenAI received the first tranche of its new funding, roughly $11 billion, with the money wired by 6 November 2026, valuing the company at $1.25 trillion. That is below the $1.4 trillion it initially sought, and the full round may reach $20 billion against an earlier target of at least $30 billion. Investors in the first tranche include Coatue Management, T. Rowe Price, SoftBank, Sequoia, Founders Fund, Andreessen Horowitz and a consortium of Emirati investors. The valuation still exceeds the $852 billion set in March. The reduction followed a postponement of the company’s IPO plans.
